Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the wonder drug company's total overhead costs at

The Wonder Drug Company's total overhead costs at various levels of activity are presented below:...

90.2K

Verified Solution

Question

Accounting

The Wonder Drug Company's total overhead costs at various levels of activity are presented below:
month; direct labor hours; total overhead
september; 15,000; 472,000
october; 12,000; 409,400
november; 18,000; 542,000
december; 21,000; 604,700
Assume that the overhead costs above consist of indirect labor, scheduling salaries, and maintenance. The breakdown of these costs for the month of November is as follows:
Indirect labor (V)219,600
Maintenance (M)197,400
Scheduling Salaries (F)542,000
Total Overhead 542,000
Required:
(a.) Using the high-low method, determine the cost formula for maintenance.
(b.) Express the company's total overhead costs in linear equation form.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In the diagram line d cuts three lines to form the angles shown below a...

Geometry
Q

Historically, what were the major issues facing migrant labor? Have they been resolved? What role have unions...

Operations Management
Q

Jim is lifting weights. Holding a 20lb weight down by his side, he bends his arm...

Medical Sciences
Q

1. Describe the events associated with the ovarian cycle. 2. Describe the patch of sperm formation to the...

Medical Sciences
Q

A skilled volleyball player uses elbow motion (as well as shoulder motion) in a jump serve....

Physics
Q

Colon cancer screening tests include all of the following EXCEPT the O fecal occult blood...

Biology
Q

36 X y 20 21 22

Geometry
Q

Describe the tax effect theory.

Accounting
Q

Sparrow Corporation would like you to review its employee fringe benefits program with regard to...

Accounting
Q

matretene The data needed to determine year-end adjustments are as follows: - Depreciation of building...

Accounting
Q

Carriveau Corporation's most recent balance sheet appears below: Comparative...

Accounting
Q

4. Table 3.1 in the last chapter presents R&E Supplies' financial statements for the period...

Finance